This is going to kill coal.
Check it out:
Lawmakers and Washington interest groups are engaged in a battle over whether looming EPA rules will help or hurt as President Obama prepares to announce a highly anticipated performance standard for power plants June 2.
The proposed standard will require existing natural gas and coal-fired power plants to release no more than 1,000 pounds of CO2 per megawatt-hour of electricity – easily done with natural gas but unobtainable by present day coal plants.
Although coal still provides almost 40 percent of U.S. electricity, the White House’s new point man on energy, John Podesta, said Wednesday that climate change necessitates coal’s demise. “President Obama believes we have a moral obligation to act now to curb climate change,” he said.